USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Dec 18, 2023

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $544,400,000 for a ticket purchased in Oregon, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Oregon

Drawing Date:Mon, Dec 18, 2023
Jackpot:$544,400,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,194,001$2,989,968$811,206$4,392,827
2$8,603,701$3,141,557$851,766$4,610,378
3$9,033,886$3,300,726$894,355$4,838,806
4$9,485,581$3,467,853$939,073$5,078,656
5$9,959,860$3,643,336$986,026$5,330,498
6$10,457,853$3,827,593$1,035,327$5,594,932
7$10,980,746$4,021,064$1,087,094$5,872,588
8$11,529,783$4,224,207$1,141,448$6,164,127
9$12,106,272$4,437,508$1,198,521$6,470,243
10$12,711,585$4,661,474$1,258,447$6,791,664
11$13,347,165$4,896,639$1,321,369$7,129,157
12$14,014,523$5,143,561$1,387,438$7,483,524
13$14,715,249$5,402,830$1,456,810$7,855,609
14$15,451,012$5,675,062$1,529,650$8,246,299
15$16,223,562$5,960,906$1,606,133$8,656,524
16$17,034,740$6,261,042$1,686,439$9,087,259
17$17,886,477$6,576,184$1,770,761$9,539,532
18$18,780,801$6,907,084$1,859,299$10,014,418
19$19,719,841$7,254,529$1,952,264$10,513,048
20$20,705,833$7,619,346$2,049,877$11,036,610
21$21,741,125$8,002,404$2,152,371$11,586,349
22$22,828,181$8,404,615$2,259,990$12,163,576
23$23,969,590$8,826,936$2,372,989$12,769,665
24$25,168,069$9,270,373$2,491,639$13,406,057
25$26,426,473$9,735,983$2,616,221$14,074,269
26$27,747,797$10,224,873$2,747,032$14,775,892
27$29,135,187$10,738,207$2,884,383$15,512,596
28$30,591,946$11,277,208$3,028,603$16,286,135
29$32,121,543$11,843,159$3,180,033$17,098,352
30$33,727,620$12,437,407$3,339,034$17,951,179
Total$544,400,001$200,173,634$53,895,598$290,330,769

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.